The price of SCVL is predicted to go up 15.62%, based on the high correlation periods with FENG. The similarity of these two price pattern on the periods is 99.09%.

SCVL

FENG

Up: 15.62%Similarity: 99.09%

SCVL Revenue Forecast

SCVL EPS Forecast

SCVL FAQs

What is bull’s view on SCVL?

Shoe Carnival (SCVL) has bullish potential with a price target of $50, supported by analyst Mitch Kummetz and insider confidence, as Chairman J. Wayne Weaver recently purchased $9.7 million worth of shares at $33.91, signaling strong belief in the company's future. Despite recent challenges like hurricanes and weak seasonal sales, the company remains undervalued, trading 25% below its September high of $46.92, with growth expected as colder weather boosts demand for boots. Additionally, the $50 million stock buyback plan further strengthens the bullish outlook.

What is bear's view on SCVL?

Shoe Carnival (SCVL) faces bearish pressure due to weak seasonal sales, with comparable-store sales dropping in the high single digits during September and October, largely driven by poor boot sales and hurricane disruptions. The stock, currently trading at $34.18, remains 25% below its September 2024 high of $46.92, reflecting market skepticism despite insider buying and a $50 million buyback plan. Analysts maintain a cautious outlook, with recovery hinging on improved winter sales performance.